Mr. Charles Desjardins reports

INSPIRATION MINING COMPLETES ACQUISITION OF CH-98 PHOSPHATE PROPERTY AND COMMENCES FIELD PROGRAM TO SUPPORT NI 43-101 TECHNICAL REPORT

Inspiration Mining Corp. has closed on its previously announced acquisition of a 100-per-cent interest in the CH-98 phosphate property from Beauce Gold Fields Inc., as disclosed in a news release dated Nov. 2, 2026.

The company further announces that it has commenced a geological field survey and sampling program at the CH-98 property in the Lac-Saint-Jean region of Quebec. The program is intended to document surface geology and apatite occurrences, collect grab samples for laboratory analysis, potential follow-up metallurgical evaluation, and provide information to support the planned preparation of a technical report in accordance with National Instrument 43-101. The field observations and analytical data are also expected to help prioritize future exploration aimed at better understanding the extent and continuity of apatite mineralization on the CH-98 property.

Charles Desjardins, chief executive officer of Inspiration, commented: "We are pleased to have a field team on the ground at the CH-98 property. This initial program is an important step toward compiling the geological and technical information needed to guide our next phase of exploration. With encouraging phosphate sampling and preliminary metallurgical results previously reported by Beauce, we see a strong reason to advance a systematic evaluation of the CH-98 property."

About the CH-98 phosphate property

The CH-98 property comprises 111 mining claims covering approximately 6,164 hectares, with access through the Lac Froid gravel road. It is situated within Quebec's Lac-Saint-Jean anorthositic suite, a geological region known for igneous phosphate occurrences. The broader Saguenay-Lac-Saint-Jean region also hosts Arianne Phosphate's Lac a Paul project and First Phosphate Corp.'s Begin-Lamarche deposit. Mineralization on nearby or regional properties is not necessarily indicative of mineralization at the CH-98 property.

Previously reported property highlights:

• Geology: Beauce previously reported coarse apatite within granoblastic anorthosite outcrops and apatite-bearing gabbro-norite in the eastern sector of the CH-98 property. A northeast-southwest-trending fault corridor was identified as a possible structural influence on apatite concentration.
• Rock sampling: A sample collected at the CH-98-61 showing previously returned 8.07 per cent P2O5 (phosphorus pentoxide), as reported by Beauce.
• Historical sampling: Quebec government sampling of the CH-98-61 outcrop reported 8.59 per cent P2O5 in 1998.
• Preliminary metallurgy: Corem laboratory flotation test work on material from CH-98-61 produced a concentrate grading up to 38.9 per cent P2O5 at 93.4-per-cent recovery under the tested conditions.

These results relate to specific samples and preliminary laboratory tests; they do not establish a property-wide grade, the continuity of mineralization, economic viability or recoveries achievable at commercial scale. Grab samples may not be representative of the broader mineralized material.

Next steps

Inspiration intends to use the fieldwork, available historical information and prior sampling and metallurgical results to inform the preparation of an NI 43-101 technical report and the design of follow-up exploration. The nature and scope of subsequent work will be determined following review of the field observations and analytical results.

Strategic rationale

Phosphorus was added to Canada's Critical Minerals List in 2024, and Quebec added apatite to its list of critical and strategic minerals that year. Phosphate is an essential input for fertilizers and can be used as a feedstock in phosphoric acid production and certain lithium-iron-phosphate (LFP) battery supply chains. The suitability of CH-98 property mineralization for any particular downstream use, including purified phosphoric acid or battery applications, has not been established and will require further technical and economic evaluation.

Technical information and qualified person

The historical sampling and preliminary metallurgical results described above were previously disclosed by Beauce, including in news releases dated Nov. 17, 2025, March 12, 2026, and May 6, 2026, and were summarized by Inspiration in its Nov. 2, 2026, news release.

Christian Tremblay, MSc, PGeo, a qualified person as defined under NI 43-101, has reviewed and approved the scientific and technical information contained in this news release.

About Inspiration Mining Corp.

Inspiration Mining is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada. Its objective is to locate and develop properties of merit and to conduct exploration on the company's properties.

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